Stock of the Day

July 5, 2023

Lincoln National (LNC)

$42.63
-$0.66 (-1.5%)
Market Cap: $8.29B

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. The Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group non-medical insurance products consisting of short and long-term disability and statutory disability; paid family medical leave administration and absence management services; term life; dental and vision; and accident, critical illness, and hospital indemnity benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.

Today's Trend

Lincoln National Corporation (NYSE: LNC) shares remain elevated after the insurer reported a strong second quarter and announced a major legacy-block reinsurance transaction. The stock’s recent gains have been supported by better-than-expected earnings and several bullish analyst revisions, although the shares have eased slightly from their recent advance.

  • Q2 earnings and revenue beat expectations: Lincoln Financial reported adjusted operating income of $2.24 per diluted share, above the roughly $1.96–$2.00 analyst consensus, while revenue reached $4.93 billion versus expectations of $4.89 billion. Revenue increased 12.3% year over year, supporting investor confidence in the company’s profitability and execution. Lincoln Financial Reports 2026 Second Quarter Results
  • Legacy reinsurance deal adds to the bullish reaction: Coverage indicates that a major legacy-block reinsurance transaction, together with the earnings beat, helped drive a sharp post-results increase in LNC shares. The deal may reduce legacy risk and improve the company’s financial flexibility. Lincoln National Is Up After Earnings Beat and Major Legacy Block Reinsurance Deal
  • Analysts raised price targets and ratings: Mizuho increased its target from $51 to $53 and assigned an “outperform” rating. Keefe, Bruyette & Woods raised its target from $46 to $51 and also rated the shares “outperform,” signaling continued upside potential after the earnings report. Analyst price-target updates
  • Preferred dividends declared: Lincoln’s board declared semiannual dividends on its Series C and Series D preferred stock. The announcement demonstrates continued capital-distribution activity but has limited direct impact on common-stock earnings. Preferred Stock Dividends
  • Some underlying metrics trailed estimates: Analysts noted that sales were below expectations, and quarterly EPS declined from $2.36 in the year-ago period despite the current-quarter beat. These factors could limit further upside if investors focus on growth quality and sustainability. Lincoln Financial Group Q2 Earnings
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